Hot Investing areas near Washington DC

[Ceasar Rosas]

Hi all,

I'm wondering what are the hottest areas for multifamily investing near Washington DC or Arlington,Va. I'm here for a wedding until Saturday night and I'd like to scope out some areas. 

[Account Closed]

There are lots of 4-unit buildings east of the river in DC. If you look in the Congress Heights or Anacostia neighborhoods you will find them. I believe Deanwood has a bunch as well but I am not as familiar with the NE area of DC. 4-units or less would qualify for conventional financing if you wanted to go that route. These are not the best neighborhoods that the DC area has to offer but that is where most of these multifamily buildings will be. And compared to other parts of the city these areas are at a much lower price point. 

DC also has a lot of rowhome conversions throughout the city. Meaning homes that have been converted to have a separate rental in the basement. 

Good luck and enjoy your time down here in DC. It is a great city.